News: Diddy Crushes Jay-Z & Dr. Dre On Forbes' Top 5 "Wealthiest Hip-Hop Artists" List
Wednesday, Mar 27, 2013 3:50PM
Renowned financial publication Forbes is once again going to ignite widespread debate with the new release of its "The Forbes Five: Hip-Hop's Wealthiest Artists" list.
While rap mogul Dr. Dre is known for his Beats By Dre headphones ventures, he fell behind fellow hip-hop veterans Jay-Z and Diddy on the rundown.
Sean "Diddy" Combs rose to mainstream fame in the late 1990s rapping about his desire for Benjamins, otherwise known as $100 bills. A decade and a half later, he might need to consider some larger denominations--McKinleys, Clevelands and Madisons, perhaps--to express his wealth. Diddy ranks No. 1 on this year's Forbes Five, our list of hip-hop's wealthiest artists, with an estimated net worth of $580 million. The bulk of the Bad Boy Records founder's wealth comes from non-musical ventures, namely his deal with Diageo's Ciroc. The agreement entitles him to eight-figure annual payouts and a nine-figure windfall if the brand is ever sold--and Ciroc's value has never been higher. (Forbes)
Interestingly enough, Cash Money's Birdman and 50 Cent's combined wealth still fall short of matching Dr. Dre's.
1: Diddy, $580 M 2: Jay-Z $475M 3: Dr Dre $350M 4: Birdman $150M 5: 50 Cent $125M Birdman: The New Orleans native cofounded Cash Money Records two decades ago with his brother Ronald "Slim" Williams (Birdman's net worth would be well over $200 million if his ownership in the label wasn't shared). 50 Cent: Now he's trying to replicate the latter feat with companies like SMS Audio, his answer to Dr. Dre's Beats, and SK Energy, which has its sights set on category leader 5-Hour Energy. (Forbes)
Late last month, Diddy announced his involvement in water beverage company AQUAhydrate.
Entertainment powerhouse Sean "Diddy" Combs and actor/producer Mark Wahlberg today announced a joint venture with Southern California-based fitness and wellness water brand, AQUAhydrate. Per the arrangement, Combs and Wahlberg will oversee business strategy along with CEO John Cochran, formerly President of Fiji Water. Together they will help drive the AQUAhydrate vision and be instrumental in helping secure retail partnerships for the water brand, such as their recently signed deals with Safeway, Kroger and GNC. (Real Talk NY)
Last summer, Diddy, Jay-Z and Dr. Dre all ranked in the top five of Celebrity Net Worth's "20 Richest Rappers Alive Today" list.
#20 Rick Ross - Net Worth $25 Million #19 Tie between T-Pain and T.I - Net Worth $30 Million #18 Nelly - Net Worth $55 Million #17 Busta Rhymes - Net Worth $60 Million #16 Ludacris - Net Worth $65 Million #15 Beastie Boys - Net Worth $75 Million Each #14 Timbaland - Net Worth $75 Million #13 Pharrell Williams - Net Worth $77.5 Million #12 Tie between LL Cool J and Akon - Net Worth $80 Million #11 Kanye West - Net Worth $90 Million #10 Lil Wayne - Net Worth $95 Million #9 Ice Cube - Net Worth $100 Million #8 Snoop Dogg - Net Worth $110 Million #7 Birdman - Net Worth $115 Million #6 Eminem - Net Worth $120 Million #5 50 Cent - Net Worth $250 Million #4 Dr. Dre - Net Worth $260 Million #3 Master P - Net Worth $350 Million #2 Jay-Z - Net Worth $475 Million #1 Diddy - Net Worth $500 Million (Celebrity Net Worth)